Noelle Hafsa June 6, 2021 Spreadsheet
This will show your Angel Investor that you indeed are a rational thinker and concerned about the money as well as the truth. If the Angel Investor cannot trust you your chances of being funded are nil. An angel investor is betting on the jockey not only the horse. As an entrepreneur you must be honest with yourself as well as your financial partner. They want to make sure you believe in what you are doing and that you also have risked your own capital, time and energies into the new business. Angel investors want you to succeed and often they also like to give their input and if you end up taking their money for your startup, the need to realize that their input needs to be taken seriously.
In a well-designed spreadsheet, any output can be calculated from the raw data. However, that‘s not always enough. Sometimes the output is fixed and the raw data is variable. Let‘s say you run an investment company and want to offer your clients a fixed return. An Excel expert could create a very complex model to calculate the likely return on investments over a fixed period. You could then calculate the internal rate of return being offered to clients. The problem is that you‘re not interested in the return offered to clients; that is, after all, fixed. Instead you‘re concerned with how much money you expect to draw from the investment fund, whilst still offering your investors a satisfactory return. If you have $1 and owe investors a quarter, you can calculate your profits using a simple formula.
When Microsoft Excel is used to manipulate, store and analyse data it can become extremely difficult to manage, let alone efficiently work to produce any meaningful insights. This is because with data sets large and small, the data must be meaningful, logical, structured, internally consistent and clean. This holds true regardless of whether the data has been imported into excel from another system or manually entered. In this computing age, most people know that for any data set to be useable it must first be relatively structured and clean. A spreadsheet and its table layout naturally encourages data to be somewhat structured, however ensuring data is clean is also difficult.
Angel Investors are typically much better investors for a long-term business plan that Venture Capitalists, although they do not come usually with the incredible network to help you succeed. Venture Capitalists are more interested in themselves and making money on their investment then what you get out of it or the future of the business with you in it. An angel investor is interested in you, the future of the business and the possibility of making a whole lot of money on their investment. Please consider all this when presenting your business plan to an Angel Investor.
Microsoft plans to have this program up soon and now Google is beta testing a similar situation, which would allow you to do essentially the same thing. Why is this good? Well, consider the Digital divide in the world and if everyone just had a terminal rather than a big hard drive with lots of expensive stuff on the computer then they can store all their information at one location. By doing this, the computers would actually be terminals and it would be very inexpensive to make them, meaning that everyone in the world could afford to have one and everyone in the world could be online and interconnected in a giant collective of humanity. There would be no one who would be without the Internet and this would bring the world closer together in a common cause.
I don‘t think so. My husband and I weren‘t a great married couple but we were excellent business partners. We almost never, actually maybe NEVER, fought about money. We agreed on how to raise our kids and were always honest about our finances. He made a lot of money and I had some money of my own from my grandmother and would inherit when my parents died. I knew that we would be able to sort through these things better on our own. Most significantly, he LOVED to make spreadsheets and certainly would not be willing to pay someone else make one for him. I did some research on the internet to see what our options would be. I knew we couldn‘t do it ourselves but that we would need some assistance because our finances were complicated. I learned about divorce mediators, professionals who work with couples at an hourly fee to help them navigate the process. It sounded like it would work for us so we agreed to find one. And we did. Well, I did.
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